Looking for a break upwards out of this descending pattern for DXY on the 4HR.
This week should have a lot of impactful news for the dollar, which - in my opinion - points to the upside at least short term.
Look to set a breakout LONG at the location highlighted on the chart.
This week should have a lot of impactful news for the dollar, which - in my opinion - points to the upside at least short term.
Look to set a breakout LONG at the location highlighted on the chart.
Note
Keep in mind, if you are trying to trade inversely with GOLD, it appears the traditional INVERSE CORRELATION is changing depending on the day. Keep this in mind...Note
As of 13:50, move your SL to 103.260 to reduce risk further.Note
As of 14:04, move your SL to break even if you so desireTrade closed: target reached
Can potentially close position here at R1Trade closed: target reached
Personally closing position here at 14:41 at 103.580Note
Overall target hit. Not bad at all!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.